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Elderly parents

Being added as a signatory to parent's bank account

26 replies

londonmummy1966 · 24/07/2024 14:46

DPs have decided it would be a good idea to have me added to their joint account. Their main concern is that DM has Parkinsons and memory loss and that if something happened to DF she might need help and it would be easier to have me on the account already. I'm OK with this.

However I'm trying to work out how to do this. Their bank (Co-op) has forms to switch between joint and sole accounts but not to add an extra signatory. There is however a "Third party mandate". Is this what is needed?

OP posts:
londonmummy1966 · 27/07/2024 22:43

Longhotsummers · 27/07/2024 16:46

Please keep scrupulous records as in later years your siblings may want to know the reasons for certain spending and are entitled to know.

Yes - I used to be a partner in an accountancy firm so I'm pretty good at maintaining an audit trail.

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